Sandisk Corporation stock is ending 2025 with the kind of price action that makes even seasoned market veterans double-check the ticker. As of the latest trade update on Friday, December 26, Sandisk Corporation (NASDAQ: SNDK) was trading at $250.08, up about 2.12% on the session.
That’s the “today” number. The bigger story is the context: SNDK has become one of the market’s defining momentum names of 2025—frequently grouped with other data-storage winners like Western Digital, Micron, and Seagate as investors priced in a surge of AI-driven storage demand. [1]
What Sandisk Corporation is and why SNDK exists as a standalone stock again
Sandisk is once again a standalone public company after completing its separation from Western Digital. The company announced it would begin trading on Nasdaq under SNDK when the separation was completed. [2]
The mechanics mattered for shareholders and for index/ETF flows:
- Nasdaq corporate action guidance detailed that when-issued trading began February 13, 2025, with regular-way trading beginning February 24, 2025, and the distribution ratio set at 0.33333 shares of Sandisk per Western Digital share held (as part of the spin-off/distribution process). [3]
In plain English: SNDK is the flash/storage business that investors can now price separately from Western Digital’s HDD-focused operations—a split that became extremely convenient once the AI buildout started rewarding anything that can store, feed, and move absurd volumes of data. [4]
SanDisk stock news on December 26: what’s moving SNDK today
On December 26 specifically, the market narrative around SNDK is less “single company headline” and more “sector gravity.”
1) Micron’s strength is lifting the whole memory complex.
A major driver cited across market commentary is that rival Micron posted stronger-than-expected results, boosting confidence in the broader memory/storage cycle and helping pull up peers, including SanDisk. [5]
2) Options markets are still flashing bullish interest into year-end.
Unusual options activity has been a recurring subplot. TheFly (via TipRanks) flagged call volume running about 2x normal, with implied volatility rising and heavy activity in contracts tied to late-December expirations (including strikes linked to the 12/26 weekly series). [6]
A separate flow-focused read from Trefis also pointed to options “leading the way” during a thin holiday session—highlighting elevated call activity and a notably bullish put/call setup. [7]
3) The year-end “leaderboard effect” is real.
On December 26, multiple outlets are explicitly framing SanDisk as a 2025 leaderboard name. The Motley Fool, for example, listed SanDisk among the top S&P 500 performers for the year (data as of Dec. 22) and used it as a poster child for the renewed excitement around data storage. [8]
Forecasts: what Wall Street thinks SNDK can earn next
The most actionable “forecasts” investors track aren’t magical price-prediction algorithms—they’re expectations for revenue, margins, and earnings across the cycle.
Bullish forecasts focus on enterprise SSD and data-center demand
A Zacks commentary syndicated on Nasdaq highlighted several fundamental markers bulls keep citing:
- Datacenter revenue increased 26% sequentially in fiscal Q1 2026, driven by demand for the company’s “Stargate” SSD line (as described in that analysis). [9]
- Management guidance cited there pointed to Q2 fiscal 2026 revenue of $2.55B–$2.65B, with pricing tailwinds and bit growth expectations. [10]
- The same piece noted a Zacks consensus view for fiscal 2026 EPS around $12.59 (estimate referenced in the article). [11]
Analyst targets and longer-range models: wide range, same root assumption
One reason SNDK sparks so many arguments is that analysts’ longer-range models can look like different planets—even when they’re staring at the same NAND cycle.
- Barron’s summarized a notably bullish view that projects revenue growth of 76% from $7.4B in 2025 to $13B in 2027, with adjusted EPS potentially rising sharply over that span (depending on cycle strength and execution). [12]
- The same Barron’s summary also noted Citi’s bullish stance with a $280 target and 2027 EPS projections in the mid-20s (as cited in that report). [13]
On the more “consensus dashboard” side, Investing.com’s consensus estimates page showed an analyst average price target around $264.95 (with a wide high/low band) and a consensus leaning “Buy.” [14]
Meanwhile, Investing.com also reported Benchmark reiterating a Buy rating and $260 target amid what it described as constructive NAND market trends. [15]
The fundamentals underneath the hype: what Sandisk actually does
Sandisk is positioned as a storage-device company built around NAND flash, selling across cloud, client, and consumer end markets (including SSDs, embedded products, removable cards, and USB drives). [16]
Financially, Reuters’ company profile shows Sandisk with 2025 revenue of $7.355B and a net loss in that year (figures presented in Reuters’ financial tables), a reminder that “AI cycle exposure” and “perfect profitability” are not the same thing. [17]
That contrast—booming stock performance vs. mixed recent GAAP profitability—is exactly why the valuation debate has gotten so heated.
Valuation and analysis: undervalued on one model, priced for perfection on another
Here’s where the story splits into two rival camps.
The “still undervalued” camp
A Simply Wall St valuation note (published Dec. 24, still central to the late-week discourse) ran a discounted cash flow framework that estimated an intrinsic value around $447.50 per share, implying a large discount versus market price at the time of writing. [18]
The “overheated” camp
That same Simply Wall St piece also pointed out that on a price-to-sales basis, Sandisk screens rich versus broader tech and peers—effectively arguing that the market is already paying up for growth and quality. [19]
And Seeking Alpha’s bearish take was more direct: it argued that after a massive post-spin rally, SNDK looks disconnected from sustainable fundamentals, pointing to weaker margin guidance versus Micron and a valuation multiple it considers too optimistic for a cyclical NAND business. [20]
Even The Motley Fool—while highlighting the sector’s structural demand shift—warned that memory and storage industries have historically been boom-and-bust, and that big upswings can plant the seeds of the next downcycle (through supply expansion and customer inventory corrections). [21]
What to watch next: the catalysts that matter after December 26
If you’re tracking SNDK going into early 2026, the next meaningful “news” probably won’t be a flashy headline—it’ll be evidence that the fundamentals are keeping up with expectations.
Key near-term items investors are watching include:
- Earnings timing: options flow commentary flagged expectations for an earnings event in mid-February (noted as February 17 in TheFly/TipRanks coverage). [22]
- NAND pricing and supply discipline: multiple analyst summaries tie the bull case to sustained pricing strength and constrained supply—conditions that can change quickly if producers ramp capacity. [23]
- Datacenter SSD traction: bullish coverage continues to emphasize enterprise and hyperscaler demand as the “real” long-duration driver—not just consumer cycles. [24]
- Index and flow effects: after SanDisk’s 2025 surge, it was tapped for inclusion in the S&P 500 reshuffle—an event that can create persistent passive-fund ownership and liquidity changes. [25]
Bottom line for December 26, 2025
Sandisk Corporation stock is higher today at around $250, and the dominant December 26 narrative is that SNDK remains a prime beneficiary of a memory-and-storage upcycle being reframed by AI infrastructure spending. [26]
The forecast picture is exciting but messy: bullish analysts model explosive earnings power if pricing stays strong and enterprise SSD share grows, while skeptics argue the stock is already priced for top-of-cycle conditions in a notoriously cyclical industry. [27]
That tension is the real story—and it’s why SNDK is likely to stay volatile, headline-sensitive, and heavily traded (especially in options) as the market transitions from “AI changed everything” optimism to the tougher question: how long can the pricing cycle stay abnormal before supply catches up? [28]
References
1. www.fool.com, 2. www.sandisk.com, 3. www.nasdaqtrader.com, 4. www.fool.com, 5. www.tipranks.com, 6. www.tipranks.com, 7. www.trefis.com, 8. www.fool.com, 9. www.nasdaq.com, 10. www.nasdaq.com, 11. www.nasdaq.com, 12. www.barrons.com, 13. www.barrons.com, 14. in.investing.com, 15. www.investing.com, 16. www.reuters.com, 17. www.reuters.com, 18. simplywall.st, 19. simplywall.st, 20. seekingalpha.com, 21. www.fool.com, 22. www.tipranks.com, 23. www.investing.com, 24. www.nasdaq.com, 25. www.investopedia.com, 26. www.tipranks.com, 27. www.barrons.com, 28. www.tipranks.com
